Intraday FX Player
- Thread starter CFerret
- Start date
- Status
Banjo, what I get from that article is that despite the ECB's worries about the high Euro, there is still another shoe to drop for the dollar. The market doesn't believe that Bernanke will raise rates, so it's dollar past 1.6 sooner rather than later.
Of course, others might see it differently, but to me that ties into the technicals looking at the daily and weekly chart.
The weekly could be interpreted as a tight coil with 1.5842 as the launch point, although equally it could settle into a bullish wedge which is already 2/3 of the way to boilover point in any case.
Of course, others might see it differently, but to me that ties into the technicals looking at the daily and weekly chart.
The weekly could be interpreted as a tight coil with 1.5842 as the launch point, although equally it could settle into a bullish wedge which is already 2/3 of the way to boilover point in any case.
- Status